9.22 BTC
Today's Ethereum market analysis
Bitcoin on the 1-hour chart follows the major coin's rise and fall, completing a full main upward wave before entering a technical correction phase.
By breaking down the structure, moving averages, and momentum, it's clear that this is a profit-taking pullback in a bullish market. The overall trend remains intact, but short-term adjustment pressure is still being released. Don't rush to bottom-fish or short.
🎯Key levels
First support 2700-2710
🚨Trading advice
We can wait for the price to stabilize around 2700 before lightly going long.
If it pulls back to the strong support zone of 2640-2650, add positions in batches.
First target 2750-2760, second target is the previous high, which requires a strong volume breakout to reach.
$BTC$ETH$DOGE #EarningsObserver: Costco Q4 earnings report is about to be released #ETH strong rally, shorts liquidated over $1.1 billion
Disclaimer: OKX Orbit content is provided for informational purposes only. Learn more
